Toronto-based Nugget Resources (ASE) has staked an 8,500-hectare property in West Kalimantan, Indonesia.
It has also lodged a performance bond of US$5 per hectare with the Indonesian Department of Mines.
There is no record of work having been conducted on the property, but the company views it as prospective because it is on the eastern edge of the so-called Chinese district, an area that produced gold in the 18th and 19th centuries.
Exploration work will begin once the Indonesian mines ministry grants an agreement for a contract of work.
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